Identification of Most Important and Easy to Implement Key Components of Vendor Managed Inventory (VMI) In manufacturing Industry

Abstract

Vendor Managed Inventory is a technique which attempts to optimize the supply-chain by simultaneouslymanaging inventory and routing. In Vendor Managed Inventory system, the supplier must have all the information about customer requirement so that he can take decision about level of replenishment and timing. All these things will ensure that customer do not go stock out.